We’re in the top 100!
We’re in the top 100! Very happy to in the top 100 accounting firms for payroll growth this year with our awesome partner WagePoint. This…
CRB is over. Will you owe extra tax next spring?
CRB is over. Will you owe extra tax next spring? Finance Minister Chrystia Freeland announced Oct. 21 that Ottawa would wind down the CRB, along…
Don’t pay personal expenses with corporate income
Don’t pay personal expenses with corporate income Here’s a great article from the Financial Post on why you shouldn’t pay personal expenses with corporate money.…
Two Wills?
Two Wills? True or false – it’s illegal to not have a valid will? False, obviously. True or false – you can have more than…
Incorporating a Rental Business
Incorporating a Rental Business One question I get is “should I incorporate”. Well if it’s about incorporating a rental property business, the answer is almost…
Buying a Business
Buying a Business Who do you know who wants to buy a business? This week I had a couple in my office who wanted to…
Contrary to the Arbitrary (Tax Assessments)
Contrary to the Arbitrary (Tax Assessments) This week we look at another topic that has come up recently with new clients…navigating arbitrary tax assessments. Revenue…
To Incorporate or Not to Incorporate
To Incorporate or Not to Incorporate A common question from clients is “should I incorporate my small business?” The short answer is “well, it depends”.…
Why do people change accountants?
Why do people change accountants? This is a great question. Maybe you’re wondering if you should? A number of calls I get from people looking…
Yes, we are here!
Yes, we are here! After yesterday’s email, a few clients have asked if it is still possible to drop off their documents at the office.…
Update on 2019 T1 filing
Update on 2019 T1 filing I recognize that this is a very busy and stressful time for many of you, whether it’s the uncertainty of…
In-Depth Review of Current Economic Plan
In-Depth Review of Current Economic Plan Hi Everyone, This email contains a fairly comprehensive look at the activities that the government is undertaking to assist…
Tax Filing Deadline Extended – and other measures
Tax Filing Deadline Extended – and other measures Good morning everyone! I do have some confirmed news on the tax filing deadline now – yes, it…
Update on Tax Season Activities
Update on Tax Season Activities Hi Everyone, I’m sure it’s impossible for you not to have heard about the latest warnings and advice from our…
It’s that time of year again!
It’s that time of year again! A warm hello to new and returning clients! My office is ramping up to help you this season and I…
Business owners and disability insurance
Business owners and disability insurance Who do you know who has a small business and has disability insurance? If so, I can almost guarantee it’s…
Small business owners… are you a US citizen?
Small business owners… are you a US citizen? Who do you know who is a US Citizen in Canada? And perhaps owns a small business?…
Saving for retirement in your business corporation?
Saving for retirement in your business corporation? Who do you know who is saving for retirement by leaving money inside their small business corporation? This…
Is Bitcoin Taxable
Is Bitcoin Taxable The short answer is “you bet!” There are tax implications when you sell it or use it to buy something. CRA considers…
Are Disability Insurance Premiums Deductible for the Company?
Are Disability Insurance Premiums Deductible for the Company? This is a good topic for this week. I recently had a new client who was offside…
Change of Use – Principle Residence
Change of Use – Principle Residence Who do you know who is moving and might be keeping their previous residence and renting it out? If…
It’s Tax Time, Yay!
It’s Tax Time, Yay! Yes, it’s that time of year. First tip? Get organized. Tax prep and filing for this season actually started a year ago,…
Bitcoin, again…
Bitcoin, again… Earlier this year one of my blog posts was about Bitcoin, – specifically that cryptocurrency gains are taxable, and that not reporting these…
What happens to your TFSA when you die?
What happens to your TFSA when you die? Do you have a TFSA? Interestingly, a TFSA is a simple investment vehicle but the rules around…
Direct selling? Maybe you should register for HST…
Direct selling? Maybe you should register for HST… What do Arbonne, Empower, Stella and Dot, LifeVantage, and Younique all have in common? These are some…
Incorporate a rental property business?
Incorporate a rental property business? One question I often get is “should I incorporate”. Well if it’s about incorporating a rental property business, the answer…